Iran will announce Hormuz mechanism and collect fees, says Iranian MP

Iran has ‌prepared a mechanism to ​manage ⁠traffic ‌through the ‌Strait of Hormuz along ‌a designated route that ⁠will be unveiled soon, the head of the Iranian parliament's national ​security committee Ebrahim ‌Azizi said on Saturday.

Azizi added that ⁠only commercial vessels and parties cooperating ​with ‌Iran would ‌benefit from the arrangement.

He said ‌fees would ‌be ⁠collected for ‌specialised services provided under the ⁠mechanism.

Separately,  Iranian state television said on Saturday that European countries were in talks with Tehran over transit for ships through the Strait of Hormuz.

"Following the passage of ships from East Asian countries, notably China, Japan and Pakistan, we received information today indicating that Europeans have also begun negotiations with the Revolutionary Guards navy" to get permission to pass, state television reported, without specifying which countries.

Iran has largely blocked shipping through the vital strait since the outbreak of war with the United States and Israel on Feb.28.

A fragile ceasefire has been in place since April 8. Its grip over the waterway has rattled global markets and given Tehran significant leverage, while the United States has imposed its own naval blockade on Iranian ports.

In peacetime, the route accounts for roughly a fifth of global oil and liquefied natural gas shipments, along with other key commodities. Iran has in recent days allowed passage for dozens of ships including from China "after an agreement on Iran's strait management protocols," the Guards, the ideological arm of Iran's military, said in a statement.

Since the war broke out, Iran has repeatedly said that maritime traffic through the strait would "not return to its pre-war status" and last month said it has received the first revenue from tolls it imposed on the waterway.

Agencies